The 0.27-acre 206 North First Avenue site is located on the northeast corner of North First Avenue and Bridge Street in Sandpoint, Idaho. The site is owned outright by the Sponsor, and is currently unimproved. The Project is designed as a four-story concrete podium project with one story of subterranean parking and two stories of stud-frame construction. The Project is expected to include 32,800 square feet of condominium space with 3,768 square feet of private balcony space totaling 12 for-sale homes (2,567 SF average). Additionally, ample common area space is planned, including a third-floor 1,344 square foot sky deck and sixth-floor 1,642 square foot rooftop balcony. Additional uses include 8,350 square feet of street level shop space, and 10,900 square feet of garage parking providing 24 parking stalls. 206 North First Avenue is well-designed to handle a gradient towards Lake Pend Oreille, with 4 stories of above-ground space fronting North First Avenue to the west and 6 stories of above-ground space fronting the lake to the east. The Project will be built to market-leading standards, with a Class A set of interior finishes.
206 North First Avenue is among the most desirable locations in Sandpoint, Idaho. The site offers substantial frontage to the Sandpoint Marina, which opens to Sand Creek and broader Lake Pend Oreille. Bridge Street, which is directly adjacent to the Project, provides a walkable and drivable path across the water to City Beach and City Beach Park (1,000 feet away), which is Sandpoint’s most popular beach. Downtown Sandpoint offers over 400 shops and restaurants, with 206 North First Avenue in the heart of the action. Popular restaurants and bars include Baxters on Cedar, Trinity at City Beach, MickDuff’s Brewing Company, Hydra Steakhouse & Lounge, and Pend d’Oreille Winery, each of which is within walking distance of 206 North First Avenue. The Project is also well-positioned for proximate transit access, with SR-95 (600 feet away), SR-2 (1,600 feet away), and SR-200 (1.2 miles away) providing both north-south and east-west corridors throughout Idaho, and into nearby Coeur d’Alene (±40 minute drive) and Spokane (±60 minute drive).
USA TODAY
That’s how USA Today describes Sandpoint in a major feature story on our town.
The city of Sandpoint is a well-known, four-season tourist destination. The adjacent Lake Pend Oreille (Idaho’s largest lake) offers substantial water-based recreation, including fishing, boating, and 111 miles of shoreline. The Cabinet and Selkirk mountains provide ample hiking and horseback trails. The Schweitzer Mountain Ski Resort (13 miles from Downtown), meanwhile, attracts 250,000+ yearly visitors. Sandpoint also offers five city parks, three state parks, and two national forests, providing an abundance of outdoor recreation including hiking, camping, and cross-country skiing. The arts of Sandpoint have been alive since the Panida Theatre opened in the early 1900’s, and has produced talented artists such as photographer Ross Hall and musician Kristy Osmunson. Locals enjoy the talent of the area with a host of events like the Festival of Sandpoint, the Artists’ Studio Tour of North Idaho, and the Arts & Crafts Fair. There are also galleries aligning downtown’s corridor, theatrical performances at the famous Panida Theater, and arts programs through the Pend Oreille Arts Council.
One Bridge Street, though the use of this website, is not providing investment, legal or tax advice. This website is presenting the current broad-based understanding of the owner, Bridge Street, LLC, of certain income tax aspects of investing in an Opportunity Zone Fund. Nothing contained in this website or provided via any other medium should be construed as offering such advice. Because of the complexity of such transactions and the resulting income tax implications, it is strongly recommended that any party that is seeking to make an investment into an Opportunity Zone fund for the purpose of acquiring property described on this website contact their own tax and legal advisors for advice in connection with any such potential investment.
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